Warren Buffett on Saturday defended Berkshire Hathaway Inc's decision to invest heavily in the stocks of companies such as Apple Inc, while giving new details about how Berkshire Hathaway is prepared for his death in an annual letter to shareholders posted on the company's website.
Warren Buffett's Berkshire Hathaway Inc on Saturday posted a 23% decrease in quarterly operating profit, while soaring stock prices boosted net results and enabled the conglomerate to smash its old record for full-year earnings.
Major Wall Street analysts see buying opportunities for some stocks hit by the coronavirus.
Hoya Capital Real Estate started an exchange traded fund last March that its founder calls a macro play on the housing shortage in the United States.
Markets are underpricing the risk that the coronavirus outbreak poses to the global economy, and central banks need to help business survive the impact of the virus, the chairman of Swiss lender UBS , Axel Weber, said.
Leading world economies must show unity in dealing with aggressive "tax optimization" by global digital giants like Google , Amazon and Facebook , G20 officials said on Saturday.
Royal Bank of Canada plans to open a consumer bank in the United States early next year targeting wealthy clients, with the aim of expanding deposits, its chief financial officer told Reuters on Friday after the bank posted first-quarter profit that beat expectations.
Leading world economies must show unity in dealing with aggressive "tax optimization" by global digital giants like Google , Amazon and Facebook , G20 officials said on Saturday.
France is ready to listen to the U.S. administration's proposal of offering U.S. companies a "safe harbor" from a new, international digital tax, its finance minister said on Saturday, while admitting that he still didn't know what that meant in practice.
Samsung Electronics said on Saturday that one coronavirus case had been confirmed at its mobile device factory complex in the southeastern city of Gumi, causing a shutdown of its entire facility there until Monday morning.
U.S. Treasury Secretary Steven Mnuchin said on Saturday it was very important to have tax certainty on a global basis and that the OECD was very close to consensus on a framework for minimum corporate tax.
In the days after a new virus was identified in China on Dec. 31, global central bankers fell back on past experience for a comforting early analysis.
Samsung Electronics Co Ltd said on Friday it has named a non-executive director as board chairman for the first time, to increase transparency and independence.
Oil prices fell on Friday as a rise in new cases of coronavirus and weak Asian economic data fuelled uncertainty about the economic outlook and as major crude producers showed no rush to cut output.
Chinese automaker Geely [GEELY.UL] has launched a service for customers to buy cars online and get them delivered directly to their homes, in a bid to drum up sales as the coronavirus outbreak prompts buyers to stay away from showrooms.